Iran threatens International community

The regime in Tehran is at it again, this time, it is threatening to close down the straight of Hormuz, a major oil shipping route in the Persian Gulf. Its demand!??..It wants the U.S, specially the E.U not to implement an embargo on its oil shipment to European countries.
Such an action would really increase economic pressure on Iran and decrease its oil-income which is about 80% of all its budget revenue.
This past Saturday, Iran started what it claimed to be a 10 days military naval exercises in the straight of Hormuz which it dubbed "Velayat-e 90"

Iran's navy has started a 10-day drill in international waters near the strategic oil route that passes through the Strait of Hormuz. The exercises, dubbed "Velayat 90", could bring Iranian ships into proximity with United States Navy vessels in the area. "Velayat" is a Persian word for "supremacy" and it is currently used as a title of deference for the Iran's Supreme Leader Ayatollah Ali Khamenei. The war games cover a 2,000km stretch of sea off the Strait of Hormuz, northern parts of the Indian Ocean and into the Gulf of Aden, near the entrance to the Red Sea, state television reported.

Here's a an image of what the stright of Hormuz looks like if not familiar with it:



About 30% of the World oil supply passes through this narrow route, so Iran is banking that this  thin passageway is so vital to the planet's economy, its threat of shutting it down would force the U.S and its allies to back-down on more sanctions against it.

Iran very concerned
Iran's threatening reaction is based on the fact that it can't no longer dismiss Western's sanctions since they are indeed starting to squeeze their economy, but what is really worrying the regime is the latest round that are being planned by the West.

The U.S congress, not too long ago, passed a bill which would take strong aim at Tehran's vital oil industry and exports by banning dealings with Iran Central Bank. President Obama, while reluctantly, has announced it will sign it....The E.U, on their part, are very strongly considering decreasing Iranian oil into their market.
Arab states in the Gulf have silently told the West they would gladly max-up their oil-production to replace the 2.5 milliong barrels of oil Iran exports.

So everything is being strategically planned to tighten the noose around the regime's neck and the foolish Mullahs are starting to realize how badly they have miscalculated the West's resolve.

The Iranian regime probably thought that oil prices's concern would keep the West, for the most part, away from sanctioning its oil industry, but i guess the regime thought wrongly and are instead lashing out by making dangerous threats

Of course, it would be even more dangerous for the U.S and its allies to cow in the face of such criminal behavior, therefore, the sanctions must go ahead. Rewarding thugs and bullies by meeting their demands, can only bring in more criminal behaviors and threats.